Rock River Laboratory Inc., a family-owned leader in agronomic and feed analysis, supported by nearly 50 years of innovation, will acquire all assets of Deveron Corp. A data-driven agtech firm, Deveron Corp. provides soil and environmental data and lab services across Canada and the U.S. As part of the acquisition, Rock River Laboratory will also integrate the assets of A&L Canada Laboratories Inc., an established network of environmental and agronomic testing facilities. Aqua Capital, a private equity firm specializing in the food and agribusiness sectors with $1.1 billion in assets under management, will provide equity to the transaction and oversee the newly combined group.
“We are thrilled to back this laboratory network expansion and welcome the talented teams to the Aqua family,” said Eli Ziskind, partner of Aqua Capital. “The high-quality and sustainable platform of the acquired laboratories aligns with our investment philosophy and commitment to advancing agri-food innovation. Together, we look forward to expanding the company’s reach, both organically and through strategic acquisitions, and continuing to deliver high-quality testing services across key agriculture and environmental segments.”
This laboratory network expansion is exemplary of Aqua’s investment strategy: partnering with leading food and agribusiness companies to drive transformation and value creation for its investors and communities across the Americas. This investment builds on Aqua’s climate transformation agenda of advancing solutions at the intersection of profit and planet. By enabling farmers, agronomists and businesses to better measure, manage and improve soil health, nutrient efficiency and environmental stewardship, this platform aims to accelerate sustainable agricultural practices and reduce the sector’s carbon footprint.
“This union brings together three trusted names in agronomy and environmental testing, combining our vast analytic capabilities, geographic reach and decades of client-centric service,” said Zachery Meyer, Rock River Laboratory CEO. “Together, we are well positioned to help agriculture navigate challenges around soil health, feed optimization and environmental stewardship.” David MacMillan, CEO of Deveron Corp., and Greg Patterson, founder of A&L Canada Laboratories, added, “This integration allows our teams to continue delivering our technical excellence to the agriculture industry while benefiting from broader scale, operational resilience and growth momentum.”
—From a Rock River Laboratory news release
